What is the SWIFT CSP?
SWIFT's customer security program (CSP) prevents and detects and aims to prevent fraudulent activity through a set of mandatory security controls, community-wide information sharing initiatives and enhanced security features on their products.
When is the deadline for SWIFT CSP compliance?
Organizations must submit a self-attestation by end of December 2017, after which they are required to share their results against the controls baseline with the wider Financial services community beginning January 1, 2018.
What are the SWIFT CSP mandatory controls?
What happens in non-compliance cases?
SWIFT will randomly check network members and will report any non-compliant organisations to industry regulators such as the Financial Conduct Authority.
What happens if I suspect my organization has been targeted or breached?
Organizations must contact SWIFT as soon as possible and share all relevant information to protect other organizations in the network.